Starting fresh in a new country can be difficult to navigate, especially when it comes to managing your finances. At cPort we have met hundreds of immigrants and helped them to establish a financial foundation in America to build from. We are passionate about helping those in our community by seeing them achieve their goals and play a small role in their successes.
cPort is proud to now offer below-market interest rate microfinance loans to service the needs of small business owners within the immigrant community of Maine through newly created Indus Fund. With the Indus Fund, small business owners could qualify to borrow up to $10,000. These funds can be used to support an existing business for things such as expansion, equipment, and other needs. To be eligible, applicants must be a first-generation Mainer.
The Indus Fund made its quiet debut at cPort in October 2020. The idea came to fruition from founder and managing partner Kerem Durdag, current President and Chief Operating Officer of GWI, the Biddeford-based internet service provider. Durdag saw the need for a community that was being underserved when it came to banks willing to take big risks on someone that didn’t necessarily have well established credit.
Gene Ardito, CEO of cPort Credit Union, shares Durdag’s enthusiasm in a recent interview for Amjabo Africa. “I’m personally very excited about this partnership,” he said. “Kerem and his team recognized that we were doing some good things with the New Mainer community. I think it’s a terrific partnership of leveraging the strengths of all of us.”
To read Amjambo Africa’s feature interview with Keren Durdag and Gene Ardito click here.
To learn more about The Indus Fund click here.